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dolphi86 [110]
2 years ago
10

In the formula I=P·r·t, what does P stand for? a. Percent: the interest rate expressed as a percentage b. Principal: the amount

of money you initially invested c. Period: how often the interest is calculated d. Payout: how much money you end up with Please select the best answer from the choices provided A B C D.
Mathematics
1 answer:
lbvjy [14]2 years ago
7 0

Answer:

p stands for Principal: the amount of money you initally invested

hope it helps you :)

have a great day

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Suppose you waited 10 years to invest in the same retirement fund and have the same $400,000 for retirement at the same 8% inter
Ierofanga [76]

Answer:

<em>$7,196.42 </em>

Step-by-step explanation:

Using the compound interest formula to fins the amount after 10years;

A  = P(1+r)^n

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Rate r = 8% = 0.08

Time t = 10 years

Substitute

A = 400,000(1+0.08)^10

A = 400,000(1.08)^10

A = 400,000(2.1589)

A = 863,569.99

A ≈ 863,570

Hence the amount after 10 years is $863,570

Monthly deposit = $863,570/120 (10 years is equivalent to 120months)

Monthly deposit = 7,196.42

<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>

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2 years ago
1. 14=7b<br> 2. -11=k/4<br> 3.6z=-6
Romashka-Z-Leto [24]

Answer:

the anwer is 14-2294-dhi2

Step-by-step explanation:

Because 14 is - 4 you multiple to 5 equal= dhi2

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